Citi launches app-based login solution for corporate clients in Asia Pacific

Citi has announced the launch of MobilePASS, a new digital solution that eliminates the need for corporate users to carry physical tokens for logins.

MobilePASS is an app-based soft token that enables users to leverage their own smartphones to generate dynamic passcodes without any network connectivity to log into Citi's range of institutional e-banking platforms, the company said in a media release.

Keng-Mun Lee, Asia Pacific Head of Channel and Enterprise Services, Treasury and Trade Solutions said, "This solution is an important part of our continuous effort led by Citi Innovation Lab to bring best-in- class digitized experience to our clients. MobilePASS is easy to use and improves the login experience for users of all levels within the organization - from CFOs who need to view transaction analytics, to corporate treasurers who approve transactions on-the-go, to personnel who need to connect from the office or work from home. In addition, it enhances the security of their login process, whilst complying with applicable local regulatory requirements."

Dilshan Seneviratne, Country Head, Treasury and Trade Solutions, said:

"Citi's key strategic priority is to be the world's leading digital bank, offering a comprehensive suite of Internet and mobile services that deliver greater convenience and flexible access for our customers. The launch of MobilePASS reiterates Citi's continued commitment to develop our digital strategy to deliver a superior client experience." Citi was the first global bank to launch a soft token smartphone solution to its multinational corporate clients across 80+ countries globally.